Emerson To Sell Daniel Measurement And Control Business To Turnspire Capital Partners For Undisclosed Terms

Emerson Electric Co. EMR has agreed to sell its Daniel Measurement and Control Business to an affiliate of Turnspire Capital Partners LLC for an undisclosed sum.
Daniel's ultrasonic flowmeter and fiscal transfer system businesses are not part of this transaction.
Houston–based Daniel provides flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries. It has a manufacturing facility in Chihuahua, Mexico.
The transaction is expected to close in the third quarter of 2021 and includes Daniel's brand rights, facilities, intellectual property, and personnel.
Emerson had cash and equivalents of $2.34 billion at the quarter ended March 31, 2021.
Price action: EMR shares are trading higher by 1.01 % at $98.60 on the last check Monday.

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